Airshow announces $192B in deals in UK
ENGLAND’S Farnborough airshow this week saw deals worth $192 billion (€164 billion), a jump of more than 50 percent compared to 2016, in a sign of “confidence in global trade”, organisers said Saturday.
The biannual air industry gathering recorded more than 1,400 commercial aircraft orders, valued at $154 billion, alongside at least 1,432 deals for engines worth $21.96 billion.
The total is an increase of $67.5 billion on the last airshow two years ago, with the milehigh rivalry between Boeing and Airbus – who made the majority of plane orders – swelling sales.
US aviation giant Boeing announced 676 orders, totalling $92 billion at list prices, as of Thursday, while its European competitor had unveiled 431 orders worth $70 billion.
“The major deals announced this week demonstrate how confident the aerospace industry is and the role of Farnborough as an economic baromet e r,” s a i d Fa r n b o r o u g h International chief executive Gareth Rogers.
The show attracted its most global attendance ever with around 100 countries represented and a record Chinese presence, Farnborough said in a statement.
There was also a near-10 percent rise in trade visitors compared to previous years, with more than 80,000 visitors passing through the gates, it added.